The logical alternatives when the Eurozone was set up were to either to move to something like our federal form of government with the central (Eurozone) government responsible for major items like welfare, defense etc. and the central government to insist that the state governments had to show some responsibility. The alternative is to forget about it.If Greece had not joined the Eurozone a fall in the Drachma may have reduced the damage or at least alerted the Greeks that something was seriously wrong. |